TMK

Steel
MCX: TRMK
Russia

According to 2018 press release on TMK's website: "TMK was represented by a delegation led by Vladimir Shcherbatykh, head of the Company’s Middle East division.

The trip covered seven countries – Saudi Arabia, Jordan, Lebanon, Iran, Bahrain, Qatar, and Oman. Throughout the trip, TMK held meetings in which its representatives highlighted opportunities offered by the Company to potential partners. They focused in particular on purchase customization of TMK’s tubular products and developing new products for certain customers, and offering advanced staff training opportunities to Middle Eastern companies held at TMK plants."

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"TMK, Russia’s largest manufacturer of steel pipes for the oil and gas industry, is in talks to supply Iran’s oil and gas sector as the Islamic Republic ramps up production following the lifting of international sanctions, the company’s senior vice president said Wednesday. 'We have a program under way to supply some pipes through spot sales and are working on a longer-term contract which could include pipes to transport oil and gas as well as produce it,' Vladimir Shmatovich, senior vice president for strategy and business development at TMK. 'Iran is a very important market for us,' he said. The move shows the potential for Iran to have better access to more modern equipment to refurbish its aging oil industry. It also highlights how Russian companies retain a competitive advantage there despite the opening of the country to Western suppliers since sanctions on Iran were lifted in January. TMK was a major supplier of pipes to Iran’s oil industry before sanctions were imposed." (Wall Street Journal, “Russian Maker of Steel Pipes in Talks to Supply Iran’s Oil Industry,” 3/9/2016)

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"Russian Pipeline Major TMK Swings Away from the U.S. Toward Opportunity in Iran" (February 10, 2016).  

Response: "TMK does not currently sell products or services for use in Iran. We will continue to monitor the measures that the U.S. and other governments take in connection with the JCPOA." (June 4, 2018)

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Response: “We will discuss the questions you raised on the compliance committee meeting in order to check and reconfirm that we have all necessary compliance procedures in place and bring your letter to the notice of the top-managers and BoD members.” (July 15, 2016)